In what it hails as an effort to be transparent, Digital Currency Group’s market maker and lending subsidiary, Genesis Trading, revealed that its derivatives business has around $175 million worth of funds locked away in an FTX trading account.
Genesis shared the news in a Nov. 10 tweet thread, in which the firm clarified that the locked funds would “not impact our market-making activities.” As part of our goal in providing transparency around this week’s market events, the Genesis derivatives business currently has ~$175M in locked funds in our FTX trading account. This does not impact our market-making activities.
This was too much of a risk to take ! Why not spread your risk to cover other exchanges like Binance and MEXC. A lot of persons still underestimate the power of 'risk diversification.' It's for SAFU ✅.
⭕️ The ZeOTC backend just passed it's final internal tests. Over 40 unit tests and 20.000 lines of code passed without errors.
🚀Thankss a millon,
I beg your flipping pardon 😭😭🤦🏿♂️🤦🏿♂️
When will people learn! Not your key not your coin..... Don't keep your life savings I'm a hot wallet on an exchange. Don't invest what you cannot afford to lose.
did you fake me?
really?
Pentosh1
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